Amadeus' revenue grew 3.1% from January to March compared to the first quarter of 2017, reaching €1,230 million, while EBITDA increased 7.4% to €539 million.

Amadeus IT Group, S.A achieved an adjusted profit of €305.6 million for the first three months of 2018. This represents an increase of 4.3% compared to the same period last year. Amadeus' revenue grew 3.1% from January to March compared to the first quarter of 2017, reaching €1,230.0 million, while EBITDA increased 7.4% to €539.0 million.

First quarter of the year highlights (three months ended March 31, 2018)

– In IT Solutions, Passengers Boarded increased 22.7% to 416.9 million

Luis Maroto, President & CEO of Amadeus, commented:

“Amadeus has started the year with positive financial results. The solid operating performance of our businesses contributed to an 8.2% increase of our revenues and 7.9%3 increase of EBITDA, when excluding FX, which has been a negative headwind these first three months of the year”.

Asia Pacific, Central and Eastern and South Europe and North America were the fastest growing regions in terms of travel agency air bookings. Western European bookings decreased compared to the first quarter of 2017, dragged by the industry decline in Western Europe, impacted by the timing of Easter and a number of effects.

– Amadeus passengers boarded increased to 416.9 million, 22.7% more than in the same quarter of 2017

Airline IT

Passengers boarded grew 22.7% thanks to the impact from 2017 migrations and organic growth of 7.7%, which benefitted from the timing of Easter. Last year’s implementations contributed to expanding the international footprint, with 65.3% of our passengers boarded generated outside Europe in the first quarter.